LSI

Lonestar West Inc. (TSX VENTURE:LSI) ("Lonestar" or the "Company") is pleased to
announce that it has closed its previously announced bought deal financing
conducted by way of private placement (the "Offering"). Lonestar, through a
syndicate of underwriters led by Clarus Securities Inc. and including Industrial
Alliance Securities Inc. (collectively, the "Underwriters"), issued 3,900,000
common shares of the Company at a price of $2.60 per common share, for aggregate
gross proceeds to the Company of $10,140,000 under the Offering. 


In connection with the Offering, the Company paid a cash commission of $507,000
to the Underwriters. The net proceeds of the Offering will be used to purchase
additional fleet and for general corporate purposes. The common shares issued
pursuant to the Offering will be subject to a four month regulatory hold period
commencing from the date of closing. The Offering is subject to TSX Venture
Exchange acceptance of requisite regulatory filings.


"We are pleased by the positive response this offering received," said James
Horvath, CEO. "These funds will expedite our plans to increase the size of our
fleet, thereby enabling Lonestar to capitalize on the extensive opportunities
available in our markets."


About Lonestar West

The Company currently operates a fleet of 55 HVAC and vacuum trucks throughout
Western Canada and the United States from its base in Sylvan Lake, Alberta. It
is focused on profitably growing its HVAC services to become a major competitor
in the North American market.


For more information please visit the Lonestar West website at www.lonestarwest.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lonestar West Inc.
James Horvath
President & CEO
403-887-2074
416-865-9550 (FAX)
info@lonestarwest.com
www.lonestarwest.com


The Howard Group Inc.
Jeff Walker
Toll Free: 888-221-0915 or 403-221-0915
403-237-8387 (FAX)
jeff@howardgroupinc.com
www.howardgroupinc.com

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